Animoca Brands reveals 'limited' FTX exposure after SBF’s empire collapses

2022/11/12 00:43

According to The Block, venture firm and software company Animoca Brands released key figures of its balance sheet, revealing some exposure to Sam Bankman-Fried's collapsed exchange. The firm maintains a cash balance of around $214 million and digital assets worth $940 million, with $3 billion in off-balance sheet digital reserves. “Our exposure to FTX is limited to a non-material trading balance and we continue to invest and support the ecosystem,” Animoca co-founder Yat Siu said in a statement.

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